Articles for category: Crypto

October 27, 2025

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Iran’s Ayandeh Bank Declares Bankruptcy, Impacting Over 42 Million Customers

Ayandeh Bank, one of Iran’s largest private financial institutions, officially declared bankruptcy this week, leading to significant repercussions for more than 42 million account holders across the country. The bank, which operated 270 branches nationwide, reported losses totaling approximately $5.1 billion alongside nearly $3 billion in outstanding debt, according to local media reports. The announcement came after the Central Bank of Iran was unable to intervene effectively to salvage the struggling institution, forcing regulators to initiate its closure. As a result, the bank’s remaining assets will be absorbed by Bank Melli, the Iranian state-owned lender, which is expected to manage

October 26, 2025

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Solana Co-Founder Questions Ethereum L2 Security Amidst Layer-2 Network Debate

Solana co-founder Anatoly Yakovenko has raised serious concerns regarding the security and decentralization of Ethereum’s layer-2 (L2) scaling solutions during a recent industry discussion. Yakovenko emphasized that the widely held belief that L2s inherently inherit Ethereum’s layer-1 (L1) security is fundamentally flawed. According to Yakovenko, these L2 solutions expose users to significant risks due to their extensive attack surfaces and complex codebases, which hinder thorough auditing for potential software vulnerabilities. He also pointed out that user funds on these networks, which often rely on multi-signature custody arrangements, can be moved without explicit user authorization, further compounding the security issues. In

October 26, 2025

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XRP Ledger’s Batch Amendment Unlocks Seamless NFT-to-NFT Atomic Trading

The XRP Ledger community is abuzz with anticipation as the proposed Batch amendment (XLS-56) nears activation. This innovative upgrade introduces atomic transaction capabilities, allowing multiple XRP Ledger operations to be grouped and executed simultaneously, enhancing the blockchain’s functionality for decentralized applications, particularly non-fungible token (NFT) marketplaces. Vet, a pseudonymous XRP validator, recently shared insights from testing the Batch amendment on the XRP dev net. The tests demonstrated the ability to bundle various transactions—such as NFT minting and payments—into a single, automated batch. According to Vet, this capability paves the way for a fully peer-to-peer NFT-to-NFT trading system, where users can

October 26, 2025

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Decentralized Markets Set to Lead Crypto’s Next Growth Phase

Decentralized finance (DeFi) has significantly evolved since the volatile hype of the 2020 DeFi Summer. Initially driven by experimentation and high-yield incentives, the sector now stands on more solid ground after years of maturation and market consolidation. According to Rachel Lin, co-founder and CEO of SynFutures, the crypto landscape is undergoing a quiet yet substantial transformation. The challenging bear markets of 2023 and 2024 filtered out weaker DeFi projects and pushed surviving platforms to sharpen their focus on robust infrastructure and practical adoption. This evolution is particularly noticeable in decentralized exchanges (DEXs). As the failures of centralized entities like Celsius,

October 26, 2025

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Bitcoin Surges Past $112K as Investors Anticipate Fed Rate Cut

Bitcoin demonstrated notable upward momentum heading into the close of the week, breaking through the critical $112,000 resistance level. Market participants remain attentive, anticipating the development of new short-term highs as the cryptocurrency continues its recovery phase. Throughout the weekend, Bitcoin’s price action experienced relatively stable consolidation within a defined range, as observed in recent charts from Cointelegraph Markets Pro and TradingView. However, a late rally on Friday pushed the value higher, aided in part by encouraging inflation data from the United States. Traders view the weekly closing period as a time of increased volatility, which often sets the stage

October 26, 2025

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Kyrgyzstan Unveils Som-Backed Stablecoin and Advances CBDC Development

Kyrgyzstan has introduced a new stablecoin, KGST, pegged one-to-one with the national currency, the Kyrgyzstani som. The launch marks a significant step as the country simultaneously confirms ongoing plans to issue a central bank digital currency (CBDC) and explore the establishment of a digital asset reserve. The KGST stablecoin will operate on the BNB Chain blockchain. According to Changpeng “CZ” Zhao, former CEO of Binance and current strategic adviser to Kyrgyzstan’s crypto committee, Binance Coin (BNB) would be part of the cryptocurrency reserve if the project moves forward. CZ attended the second meeting of Kyrgyzstan’s National Council for the Development

October 25, 2025

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Trump Taps SEC’s Mike Selig to Lead U.S. Commodity Futures Trading Commission

President Donald Trump has officially nominated Mike Selig, a key attorney from the Securities and Exchange Commission’s crypto task force, to serve as the next chairman of the U.S. Commodity Futures Trading Commission (CFTC). This marks a shift from Trump’s previous pick, former CFTC Commissioner Brian Quintenz, whose confirmation efforts stalled in the Senate. The leadership of the CFTC holds significant importance for the cryptocurrency sector, especially amid ongoing congressional debates that position the agency as a primary regulator for digital asset transactions. If confirmed by the Senate, Selig would play a crucial role in shaping the enforcement and implementation

October 25, 2025

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Michael Saylor’s MicroStrategy Maintains Premium Amid Bitcoin Treasury Stocks’ Broad Decline

As bitcoin treasury companies face sustained pressure in share prices and slowing bitcoin purchases in a tightening market, most now trade below their net asset value (mNAV), signaling a significant devaluation of their bitcoin holdings relative to market capitalization. Unlike diversified crypto firms or mining companies, “pure play” bitcoin treasury firms—those primarily holding bitcoin on their balance sheets—have seen their market caps dip beneath the value of their stored BTC. Data from BitcoinQuant reveals multiple such companies are enduring this challenge. One illustrative case is Semler Scientific (SMLR), which began accumulating bitcoin mid-2024, amassing over 5,000 BTC. Despite this substantial

October 25, 2025

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XRP Set for Potential 35% Gain Amid Ripple’s Institutional Expansion and Technical Strength

XRP is showing promising signs of a potential price surge as both technical indicators and fundamental developments align to support a bullish outlook. The cryptocurrency recently bounced off a critical support level, sparking optimism around a possible 35% rally in the coming months. Analysts point to XRP’s recovery at the lower boundary of an ascending triangle pattern on its price chart, a formation that has historically preceded sharp upward moves. Notably, in early 2025, similar rebounds from this trendline triggered gains in the range of 70-80%. As of the latest sessions, XRP rose over 8% after testing this support zone,

October 25, 2025

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Bitcoin Holds Steady Above $111K as Market Awaits Directional Move

Bitcoin maintained a narrow trading range just above $111,000 in the latest session, as investors and traders awaited a decisive breakout. As of 08:00 UTC on October 25, BTC fluctuated between approximately $111,157 and $111,634, confined within a tight range of around 1.8%, equivalent to roughly $2,025 in value. Analytical data from CoinDesk Research highlighted key resistance levels forming between $111,800 and $111,900, while support was established near the $109,800 mark. This range-bound activity reflected a balance between buying and selling pressure, with no prevailing market driver pushing Bitcoin toward a sustained directional move during the period. Volume dynamics provided